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presidential elections why is that i mean is that too much of a danger to the global economy they you know people are unhappy right now they are already taking to the streets. i don't think. i don't think it is i mean i think the markets have had a long enough time to digest the situation in greece if greece were default i think it would be it would be concerning but i think markets are been able to. i don't think really people are or are hanging much on what's going to happen in greece of what's not going to happen i think that the concern has moved further west to italy and spain i think that's where the real concern is i don't know what it has to do with politics but certainly the the underlying fundamentals are bad and continue to hear europe so nothing has got better things have only got worse. let's talk about the e.u. leaders they insist on the absolute need to preserve the euro zone but is that possible today i mean you've just spoken about spain with so i can add it to the we've seen how people are out on the streets we saw yesterday lows of protesters out in madrid saying we
presidential elections why is that i mean is that too much of a danger to the global economy they you know people are unhappy right now they are already taking to the streets. i don't think. i don't think it is i mean i think the markets have had a long enough time to digest the situation in greece if greece were default i think it would be it would be concerning but i think markets are been able to. i don't think really people are or are hanging much on what's going to happen in greece of...
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here at home, the american economy is in shambling. obamanomics turned it to food stamp obama nation. war on jobs is crushing the middle class. as american cities declare bankruptcy for the first time ever. so, go ahead with "the view." go ahead with "letterman show." the clooney dinners. i understand you're eye candy. i understand you have your priorities. unfortunately, your priorities don't line up with ours. >> bob: that was very depressing. >> eric: it is depressing. >> bob: okay. >> eric: it is depressing. the man has time for the view and letterman but can't meet with netanyahu or tackle the major issues going on in america: jobs. >> bob: i would venture to say most presidents up for re-election, general assembly of the u.n. in september of election year don't have a lot of bilateral meetings -- >> dana: if you're going to say that, why don't you check it out first. we have polls who do things like that all day. >> bob: i checked in with -- >> dana: so you can say -- >> eric: we checked with the people in the brain room and they
here at home, the american economy is in shambling. obamanomics turned it to food stamp obama nation. war on jobs is crushing the middle class. as american cities declare bankruptcy for the first time ever. so, go ahead with "the view." go ahead with "letterman show." the clooney dinners. i understand you're eye candy. i understand you have your priorities. unfortunately, your priorities don't line up with ours. >> bob: that was very depressing. >> eric: it is...
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it is a challenging time for the world economy as a whole. there was never going to be an economic transformation overnights. a far from being successful, open market-based economies, many of these countries were be set by the vested interests, corruption, and unaccountable institutions. and this created a double problem. and not just a fragile economies, but worse, people who were told they had experienced free enterprise and open markets when they had experienced nothing of the sort. we must help these countries on wind of this legacy of corruption, military expenditure they cannot afford, natural resources unfairly exploited, and what they suffered under for too long. while on the subject of stolen assets, we also have a responsibility to help these countries get back the stolen assets that are rightfully theirs, just as we returned and billions of dollars of assets to libya. it is simply not good enough that the egyptian people continue to be denied these assets long after mubarak is gone. today, i am announcing a new british task force t
it is a challenging time for the world economy as a whole. there was never going to be an economic transformation overnights. a far from being successful, open market-based economies, many of these countries were be set by the vested interests, corruption, and unaccountable institutions. and this created a double problem. and not just a fragile economies, but worse, people who were told they had experienced free enterprise and open markets when they had experienced nothing of the sort. we must...
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the economy has shrunk 20% in the last five years. that will be 25% by the end of mechanics year. >> you talk about suicides. who is taking their lives? >> people who end up with nothing. these people who have lost their jobs, will lose their homes. you are talking about huge numbers of people. this is not just small numbers of people. i heard an interesting story today. under the way greece is set up too, if you are unemployed and your dad dies and leaves you the family home, when you get that home, that is counted as income in greece. you will be taxed on that home month to month, so not only do you not have a job job, you can't sell it because the company country is in the toilet, but now you are getting bills. >> it's really discouraging situation. >> family tension. >> when we see these pictures today, michael, do you think we're going to see these pictures or are we going to see more and more of this in the days and weeks to come? >> we've seen in the months in the past two too. this isn't over by a long shot. i mean, greece is
the economy has shrunk 20% in the last five years. that will be 25% by the end of mechanics year. >> you talk about suicides. who is taking their lives? >> people who end up with nothing. these people who have lost their jobs, will lose their homes. you are talking about huge numbers of people. this is not just small numbers of people. i heard an interesting story today. under the way greece is set up too, if you are unemployed and your dad dies and leaves you the family home, when...
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maybe because ohio's economy is on something of a tear right now. unemployment is well below the national average. business formation well above the national average. never mine the republican governor of the state, on wants to take a bow, a lot of business owners across the country did not get the memo. welcome, everyone, glad to have you. so much for
maybe because ohio's economy is on something of a tear right now. unemployment is well below the national average. business formation well above the national average. never mine the republican governor of the state, on wants to take a bow, a lot of business owners across the country did not get the memo. welcome, everyone, glad to have you. so much for
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the eurozone remains the greatest risk for the global economy today. as i said earlier on, the ecb move from two weeks ago with the omc was clearly a turning point. but the countries have to really work together much more cohesively in a much more coordinated manner and order together turned the corner. as you know, european union and the eurozone in particular are not the only threats on the horizon. the united states is also currently a threat. the immediate concern is, many of you know that, is that under the current law there would be a dramatic tightening equal to about 4% of gdp. that's what is, refer to as the fiscal cliff. and that is good. it entails a contraction of 2% of gdp, and that is not good at all, especially if you consider the forecast of growth of the united states is pretty much in the range of 2%. so that is a racing any growth in the united states, would be the consequence of not dealing with the fiscal cliff and not dealing with the debt ceiling, which are both looming threats on the very short-term horizon. and it's not a threa
the eurozone remains the greatest risk for the global economy today. as i said earlier on, the ecb move from two weeks ago with the omc was clearly a turning point. but the countries have to really work together much more cohesively in a much more coordinated manner and order together turned the corner. as you know, european union and the eurozone in particular are not the only threats on the horizon. the united states is also currently a threat. the immediate concern is, many of you know that,...
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than the national economy. a lot of people said why is mitt romney talking about debt and deficits? this is just an issue that resonates almost as a psychic. that is one thing to keep it until my. you have the strands that do not always clear in a way that works for you. that is wanting to keep it into my. it is interesting to think about -- when you have this kind of stagnation for much of the country, what does it mean? one thing is if you look at the snap and moment -- in a moment, it is increased dramatically since 2000. same thing for medicaid. limbo clinton gave a speech at the dnc, he was true. -- when bill clinton gave his speech at the dnc, he was s hrewd. when you look at medicaid and who benefits, and it's a lot of white a working-class folks. when you think about how republicans need to talk about it, that the funny thing about mid ryan -- ryan and ryanism. he has until some respects gotten it right. you want to talk about how we care about the safety net. in matters of law to was. a debate dynamics
than the national economy. a lot of people said why is mitt romney talking about debt and deficits? this is just an issue that resonates almost as a psychic. that is one thing to keep it until my. you have the strands that do not always clear in a way that works for you. that is wanting to keep it into my. it is interesting to think about -- when you have this kind of stagnation for much of the country, what does it mean? one thing is if you look at the snap and moment -- in a moment, it is...
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they presumed stocks have not done well because the economy is not the wall. stocks because of the bernanke have done extremely well. he said a couple of years ago, i'm doing this qe stuff that he is talking about to get stocks of. if i get stocks of people feel better. some prices go up. if they feel more they will buy more and build things that we will have more jobs. congress is not doing it. the administration is not doing it, someone has to. that has been helping stocks. his most recent round of stuff, even his own talking as you refer to today, i don't think it's going to work. who knows? lou: and sort of it seems a bit cavalier that the fed presidents is holding forth, you know, the views, but that's fine. also, one can accuse him of being dishonest because there is a reason to question whether it will work because we have never done this before. never had a fed chairman this adventuress. also at the same time it begs a question, how much trouble are we in? shortly ben bernanke would not have taken this extraordinary and unprecedented step of monetary e
they presumed stocks have not done well because the economy is not the wall. stocks because of the bernanke have done extremely well. he said a couple of years ago, i'm doing this qe stuff that he is talking about to get stocks of. if i get stocks of people feel better. some prices go up. if they feel more they will buy more and build things that we will have more jobs. congress is not doing it. the administration is not doing it, someone has to. that has been helping stocks. his most recent...
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someone said it was the economy, stupid. cheryl: right. if you look at most likely voters, we used to see that romney had the president. that has actually changed in the recent poll from the ap. now it is 50%. only 41% trust the president and 41% trust that romney. what happened? >> i think that the problem is that mitt romney has not taken his message deeply enough. the issue is the economy. a% unemployment. they stayed over 9%, all through 2010 and 2011. that's a long time for the american economy to have unemployment at that level. i think, and we all know that, we all know that, and i think with the american voters are asking for is someone to explain to them why have barack obama's policies contributed to that. i don't think it is sufficient for mitt romney to assert that he has handled it well. cheryl: romney came out with a housing plan, that includes a cover sheet. honestly, people are looking for more details from him. >> as an example, the recession ended in june of 2009. that is when unemployment was heading towards my .5%. it w
someone said it was the economy, stupid. cheryl: right. if you look at most likely voters, we used to see that romney had the president. that has actually changed in the recent poll from the ap. now it is 50%. only 41% trust the president and 41% trust that romney. what happened? >> i think that the problem is that mitt romney has not taken his message deeply enough. the issue is the economy. a% unemployment. they stayed over 9%, all through 2010 and 2011. that's a long time for the...
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and making sure the economy is strong. >> woodruff: dorothy stoneman, the founder of the non-profit youthbuild usa - says young people from disadvantaged backgrounds are more apt to base their vote on their immediate circumstances. >> in 2008 they had this hope, they did believe in hope and change, i think some of them are now disappointed because they got their hopes up so high and they haven't seen the kind of change that they imagined. they're not mad, they're disappointed, they're not sure, so they're confused about what does it take to change, which they know their neighborhoods need. >> woodruff: back in columbus, only miles from ohio state university, shannon follins worries about her neighborhood. follins who was pregnant at 16, now has two children, works an overnight shift at the waffle house and attends classes during the day. she will vote for the president because she thinks he is more in touch with the needs of her community and her children. >> i don't want my son growing up to be no gang banger shooting people or in and out of prison i don't want my daughter to be a
and making sure the economy is strong. >> woodruff: dorothy stoneman, the founder of the non-profit youthbuild usa - says young people from disadvantaged backgrounds are more apt to base their vote on their immediate circumstances. >> in 2008 they had this hope, they did believe in hope and change, i think some of them are now disappointed because they got their hopes up so high and they haven't seen the kind of change that they imagined. they're not mad, they're disappointed,...
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has to be shared sacrifice to do the things necessary to get the budget in order and then spur the economy and start job creation. >>shepard: enormous challenges ahead. thank you. >> cyber attackers are hitting more american banks. wells fargo was a target this time. is a foreign government behind the attacks in is your money safe? we will get into the details on those fronts. new violence in europe's economic crisis. more open latest rounds of riots across europe. the situation is pretty dire. the scene is not pretty. we will get to that next. copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banners. [ male announcer ] fedex office. romney: "it's time to stand up to the cheaters" vo: tough on
has to be shared sacrifice to do the things necessary to get the budget in order and then spur the economy and start job creation. >>shepard: enormous challenges ahead. thank you. >> cyber attackers are hitting more american banks. wells fargo was a target this time. is a foreign government behind the attacks in is your money safe? we will get into the details on those fronts. new violence in europe's economic crisis. more open latest rounds of riots across europe. the situation is...
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and arab spring started because of the economy as the whole world has s reacting to the economy. you had wall street over here and then it went from economic frustration to politics. young men throughout the middle east-- rightly so-- ask for political reform. what happened in a lot of countries as young men and women aspire to political reform, those organized like the muslim brotherhood, sort of hijacked the movement so in certain countries when they went to the poll. >> jon: now how would they feel about that term in general? >> but in a way that's democracy because you're more organized. again, i think one of the examples-- about a year ago i was talking to a top british diplomat saying she was in cairo talking to a whole group of young egyptian politicians saying this is fantastic, we're organized, there's a chance to change our country and arab spring is wonderful for us. here's all of us with 70 parties coming together and she said that's the problem. you're 70 and they're one. but that's the process of democracy. >> jon: and you feel what will happen is there will be a co
and arab spring started because of the economy as the whole world has s reacting to the economy. you had wall street over here and then it went from economic frustration to politics. young men throughout the middle east-- rightly so-- ask for political reform. what happened in a lot of countries as young men and women aspire to political reform, those organized like the muslim brotherhood, sort of hijacked the movement so in certain countries when they went to the poll. >> jon: now how...
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call or come in today to take control of your personal economy. get one-on-one help from america's retirement leader. woman: what do you mean, homeowners insurance doesn't cover floods? [ heart rate increases ] man: a few inches of water caused all this? [ heart rate increases ] woman #2: but i don't even live near the water. what you don't know about flood insurance may shock you -- including the fact that a preferred risk policy starts as low as $129 a year. for an agent, call the number that appears on your screen. >>> our second story "outfront," mitt romney and president clinton playing. playing nice. the former president gave romney a warm introduction today at the clinton global initiative. actually praising a service program that the republican had supported. and romney returned the favor. >> if there's one thing we've learned in this election season, by the way, it is that a few words from bill clinton can do a man a lot of good. [ laughter ] >> sort of a double-edged sword there, but nonetheless, a fun laugh line. romney went on to lay o
call or come in today to take control of your personal economy. get one-on-one help from america's retirement leader. woman: what do you mean, homeowners insurance doesn't cover floods? [ heart rate increases ] man: a few inches of water caused all this? [ heart rate increases ] woman #2: but i don't even live near the water. what you don't know about flood insurance may shock you -- including the fact that a preferred risk policy starts as low as $129 a year. for an agent, call the number that...
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and this workhorse gives you the power of a v8 with the highway fuel economy of a v6. incredible! right? an amazing test drive. i agree. [ male announcer ] it's chevy truck month. now during chevy truck month, get 0% apr financing for 60 months or trade up to get the 2012 chevy silverado all-star edition with a total value of $8,000. hurry in before they're all gone! humans -- sometimes life trips us up. and sometimes, we trip ourselves up, but that's okay. at liberty mutual insurance we can "untrip" you as you go through your life with personalized policies and discounts when you need them most. just call... and speak with a licensed representative about saving on your policy when you get married, move into a new house... [crash!] or add a car to your policy. don't forget to ask about saving up to 10% when you combine your auto and home insurance with liberty mutual. security, coverage, and savings. all the things humans need to make our beautifully imperfect world a little less imperfect. call... and lock in your rate for 12 months. liberty mutual insurance. responsibility. what
and this workhorse gives you the power of a v8 with the highway fuel economy of a v6. incredible! right? an amazing test drive. i agree. [ male announcer ] it's chevy truck month. now during chevy truck month, get 0% apr financing for 60 months or trade up to get the 2012 chevy silverado all-star edition with a total value of $8,000. hurry in before they're all gone! humans -- sometimes life trips us up. and sometimes, we trip ourselves up, but that's okay. at liberty mutual insurance we can...
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so the president has the edge on the economy. even though this was supposed to be mitt romney's strength. if you would have asked us a year ago, even six months ago the race in ohio is going to come down to the economy. most people would have bet that would be bad for the president. right now it's looking not so bad after all, shep. >> shepard: debates sometimes change people's minds. the first presidential debate a week from today. what do we know about how the president is preparing? >> well, we are learning some new information. the president on sunday is going to go to nevada for a couple of nights. and is he going to do some debate prep. john kerry we already knew would be the person who is going to stand in as mitt romney in the mock sessions we are told. they have already had a few of those sessions in washington. now they will be taking it no nevada because it's close to colorado. battleground state. they are trying to lower expectations in the white house by saying look the president hasn't debated since john mccain four
so the president has the edge on the economy. even though this was supposed to be mitt romney's strength. if you would have asked us a year ago, even six months ago the race in ohio is going to come down to the economy. most people would have bet that would be bad for the president. right now it's looking not so bad after all, shep. >> shepard: debates sometimes change people's minds. the first presidential debate a week from today. what do we know about how the president is preparing?...
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(laughter) in an ordinary election involving a stagnant economy, global unrest, and the typical incumbent president would be at an enormous disadvantage. unless-- >> does the government have a responsibility to provide health care to the 50 million americans who don't have it today? >> well, we do provide care for people who don't have insurance. we pick them up in an ambulance and take them to the hospital and give them care and different states have different ways of providing for that care. (laughter) >> jon: unless-- normally he would be in trouble unless that incumbent president is running against the guy who just appeared to suggest that we don't need to do a health care plan for uninsured americans because we have emergency rooms! (laughter) and, like, they're open all night. (laughter) they're, like, 7-elevens but-- (cheers and applause) now that-- what he just said is an amazing and unappealing to -lsy statement which on its own would perhaps level the field for the incumbent president but apparently leveling the field isn't good enough for massachusetts mitt "up until i was runn
(laughter) in an ordinary election involving a stagnant economy, global unrest, and the typical incumbent president would be at an enormous disadvantage. unless-- >> does the government have a responsibility to provide health care to the 50 million americans who don't have it today? >> well, we do provide care for people who don't have insurance. we pick them up in an ambulance and take them to the hospital and give them care and different states have different ways of providing for...
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economy. the u.s. economy is still growing. our exports to europe are only a very small part of our gdp. the housing market recovery is much more important to the improvement of wealth. we're seeing some improvement of confidence. we're seeing rising home prices. all these are more important to the united states than what's going on in europe. >> mark, how do you see it? you invested in europe these days or no? >> a little bit, maria. you know, i guess the thing i would say about europe and soon to watch on our shores is you're going to pay more and get less. i look forward to the dislocation between price and value. i think there are a few opportunities in europe selectively. a company we own called securitas, which is a man-guarded service. it trades for about 50 krona. we think it's worth 72. we get about a 6% dividend yield. there's an example where you can find opportunity. >> everybody's looking for yield in an environment where we can't find any. rick, what are you seeing there today? >> you had a great point. everybody'
economy. the u.s. economy is still growing. our exports to europe are only a very small part of our gdp. the housing market recovery is much more important to the improvement of wealth. we're seeing some improvement of confidence. we're seeing rising home prices. all these are more important to the united states than what's going on in europe. >> mark, how do you see it? you invested in europe these days or no? >> a little bit, maria. you know, i guess the thing i would say about...
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the economy there has turned around number one. and number two, i think you've got to say that romney is not resonating with middle class voters, they don't like his business background, don't like his policies. for whatever reason they're not thrilled with obama, it would be ridiculous to say that, but i think the middle class just doesn't like mitt romney. stuart: what would you advise mitt romney to do in the debates one week from now? >> not be super, super aggressive, but being dispassionate and explain in great detail why his prescription would help the economy. i think most people don't get it yet. they don't understand the romney prescription. he has time. i want to emphasize, the race is not over yet. plenty of money, two more unemployment reports to come three presidential debates. he has time, but he has to explain clearly why his plan is better. stuart: i've got one more thing i wish you could explain for me again. again in a poll in ohio out this morning, it gives president obama a 25 point lead amongst women. can you
the economy there has turned around number one. and number two, i think you've got to say that romney is not resonating with middle class voters, they don't like his business background, don't like his policies. for whatever reason they're not thrilled with obama, it would be ridiculous to say that, but i think the middle class just doesn't like mitt romney. stuart: what would you advise mitt romney to do in the debates one week from now? >> not be super, super aggressive, but being...
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will that help the economy? we talk about that coming up. let's head to the floor of the stock exchange. nicole petallides, stocks trading in a narrow range. nicole: we have seen that for a few days. some selling late in the day going into the
will that help the economy? we talk about that coming up. let's head to the floor of the stock exchange. nicole petallides, stocks trading in a narrow range. nicole: we have seen that for a few days. some selling late in the day going into the
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it reminds me of president obama and the economy. if you can't get it right it's time to get out. >> really good spoken for the romney ryan ticket, as well. >> just when you thought republicans couldn't get more offensive, here comes scott brown in massachusetts. an energizing fruit or relaxing mint flavor. new 5 rpm gum. stimulate your senses. (vo) now, it's your turn. (vo) connect with the young turks with cenk uygur. >> it's go time. >> the whole country's talking about the nfl referees locked out since june for an incredibly small amount, $4,000 per game. this strike could be settled. even though the nfl's a $9 billion industry the owners are being greedy saying nope, we're not going to give it to them. these replacement refs are doing great job. the country disagrees. there was the guy dressed up as a saints fan wanted to be a referee. they realized it right before the game and had to take him out. there was the guy to hold mccry oh, by wait, you're on my fantasy football team, go get 'em. oh my god. there's refs last night the
it reminds me of president obama and the economy. if you can't get it right it's time to get out. >> really good spoken for the romney ryan ticket, as well. >> just when you thought republicans couldn't get more offensive, here comes scott brown in massachusetts. an energizing fruit or relaxing mint flavor. new 5 rpm gum. stimulate your senses. (vo) now, it's your turn. (vo) connect with the young turks with cenk uygur. >> it's go time. >> the whole country's talking...
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spain is massively also linked to the british economy through banking and as well as to the smaller and already bailed out or trickle so you're talking about huge an unpredictable ripple effects of such developments across the eurozone and across the world across the global economy right now the mood is let's keep everyone and let's keep trying of course this comes at a cost and i don't see many people jumping up and down to grab that bill but the true euro zone style i think they will try to muddle through for a bit longer. i was machinist as a journalist for dow jones newswires. all right let's wrap up with loose change dimitri lauren lyster are you football fan no i don't like football i'm not really i don't like football american football yeah i'm not really there so that's why i didn't really know that this was the biggest deal in the world but judging by the chatter in our newsroom it sure is and by now you've probably heard about the botched play call by n.f.l. refs during the green bay seattle game well that bad call apparently cost three hundred million dollars for vegas od
spain is massively also linked to the british economy through banking and as well as to the smaller and already bailed out or trickle so you're talking about huge an unpredictable ripple effects of such developments across the eurozone and across the world across the global economy right now the mood is let's keep everyone and let's keep trying of course this comes at a cost and i don't see many people jumping up and down to grab that bill but the true euro zone style i think they will try to...
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the economy was not stimulated. if the economy was stimulated under the obama presidency, the debt would have been less. if he cut the spenting, it would be less. so he has to take responsibility for what is under his want. if you are the c.e.o. of a company that is run this way we would fire your butt. >>neil: a lot people will hang up on you when you tell them the truth that it is up to you. if voters do not hang up on the president, we will keep accepting this, do they, and it could be with any politician, do they invite more of this to happen? >>guest: we have to as an american people in our personal likes, demand accountability. we have to, of our politicians, demand accountability whether they are republican or democrat. can you not run on "hope and change" twice. it is over. >>neil: thank you dave ramsey. one of "the five" joins me now and taking this issue up in 17 or 18 minutes. daydana when you hear that in pt or a broadcast interview, your boss, the bain -- bane of all our existence, what do you say? >>gu
the economy was not stimulated. if the economy was stimulated under the obama presidency, the debt would have been less. if he cut the spenting, it would be less. so he has to take responsibility for what is under his want. if you are the c.e.o. of a company that is run this way we would fire your butt. >>neil: a lot people will hang up on you when you tell them the truth that it is up to you. if voters do not hang up on the president, we will keep accepting this, do they, and it could be...
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they're not doing that in any sector of the economy. this is clearly blowing smoke. >> j.d., let me give you the last word because we are running out of time. don't you think that with all of the dysfunctionalty that goes on in congress they will find some sort of common ground so we don't have the taxmageddon? >> i don't think anyone has confidence that's the case. we all hope they'll get their act together and prevent this huge tax increase from hitting the economy. no one has any particular confidence. if you're a businessman, you're the labor demand. you're not going to hire anybody without knowing. you're going to wait if you can. most of them can wait. it's just going to get worse. >> all right. gentlemen, thank you both. it is one of the real thorny issues of our time right now as we head toward the election. former credit investment banker was reportedly arrested earlier today by london police. u.s. authorities are criminally charged him back in february alleging he and two other creditors conspired to inflate the value of mortg
they're not doing that in any sector of the economy. this is clearly blowing smoke. >> j.d., let me give you the last word because we are running out of time. don't you think that with all of the dysfunctionalty that goes on in congress they will find some sort of common ground so we don't have the taxmageddon? >> i don't think anyone has confidence that's the case. we all hope they'll get their act together and prevent this huge tax increase from hitting the economy. no one has any...
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find out what's really happening to the global economy. for a no holds barred look at the global financial headlines kaiser reports. welcome to the future place fish or swimming bird you can catch both of the premier aviation show of the summer check out a whole family of russian engineering feats of the ship's truly fly or just go with the flow and take in the view of the bay below. but hold on there could be turbulence on board the plane it's only jet powered plane that mark. their love of the world's most powerful choppered and you've got a team ready to douse in the late technology of the day here on a launch we've done the future of covering. the news sigrid laboratory tim curry was able to build a new most sophisticated robot which all unfortunately doesn't give a darn about anything tim's mission to teach creation why it should care about humans and worry that this is why you should care only on the dot com. this is the south of paris. and there's none of the e.t.o. . just old fashioned sunglasses jackets and shaven heads. a hardlin
find out what's really happening to the global economy. for a no holds barred look at the global financial headlines kaiser reports. welcome to the future place fish or swimming bird you can catch both of the premier aviation show of the summer check out a whole family of russian engineering feats of the ship's truly fly or just go with the flow and take in the view of the bay below. but hold on there could be turbulence on board the plane it's only jet powered plane that mark. their love of...
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that depends on the global economy. suzanne pratt, nbr, new york. >> tom: still ahead, as the debate over mitt romney's taxes shows, not all income is taxed the same. why how much you pay in taxes depends on how you make your money. four years ago this month, the economy was in a freefall. lehman brothers had collapsed and credit markets seized up. a.i.g. was rescued by the federal reserve. the tarp program spent billions bailing out banks, and the federal deposit insurance corporation helped save citigroup. sheila bair was among those making the decisions. she was the chairman of the fdic and has written about the financial crisis in a new book, "bull by the horns. " she join us tonight from the nasdaq. sheila, congratulations on the book. quite a read to relive those days and months four years ago. after all the billions of dollars spent and the millions of homes foreclosed on, you wrote, i wonder if we overreacted. you say the generosity of the response troubles you, why? >> the generosity of the banks. we clearly ne
that depends on the global economy. suzanne pratt, nbr, new york. >> tom: still ahead, as the debate over mitt romney's taxes shows, not all income is taxed the same. why how much you pay in taxes depends on how you make your money. four years ago this month, the economy was in a freefall. lehman brothers had collapsed and credit markets seized up. a.i.g. was rescued by the federal reserve. the tarp program spent billions bailing out banks, and the federal deposit insurance corporation...
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the economy, because the economy's improving with the housing prices yesterday, consumer sentiment up yesterday and also, it fails to recognize that many of republican base, many of them, are social conservatives who care about the economy, but we also care about the moral and spiritual deterioration of our country and i believe that romney needs to speak out and show the distinction between the democrat form, which is embrace gay marriage, doubled down on abortion, which waffled about on whether to include god in the platform. there's never been a time there's a more stark contrast between a democrat and republican. i'm afraid if romney continues this course and doesn't stand and run on the republican flat form, i think a lot of evangelical voters may sit this one out. >> republican platform is against borgs in all caabortion. that's what most americans, the vast majority of americans agree with. are you saying that he should go against with the republican platfo platform, against abortion in all cases? >> i think he needs to make clear he believes in life. my personal view is murder
the economy, because the economy's improving with the housing prices yesterday, consumer sentiment up yesterday and also, it fails to recognize that many of republican base, many of them, are social conservatives who care about the economy, but we also care about the moral and spiritual deterioration of our country and i believe that romney needs to speak out and show the distinction between the democrat form, which is embrace gay marriage, doubled down on abortion, which waffled about on...
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and it is about the economy. but i would put a finer truth comb on that. i think it's about the future of middle class and going back t those nbers tha wusad in the quinnipiac poll, they asked people, who's -- obama and romney, who are they going to benefit, who are the policies going to benefit? you can see the 58% they have this reversed here. shou be 58% say ttit ro'solicies benefit the rich. and obama's are much more evenly split. and very few people think that romney's policies are going to benefit the middle class. so this is a problem for him. you see in that ad where he talks about my polies, ouedl class and the iotre poor. that is not what people on the ground believe and i think that's attributed to the president's ad campaigns on the ground. i think it also is underscored by the 47% comments. but the other thing that was interesting here is in ohio, the prenis lngt ey among women by 25 points. so, early on in the campaign all the talk we had about women's issues, the focus on women at the rnc and the dnc, that has clearly been a lasting problem
and it is about the economy. but i would put a finer truth comb on that. i think it's about the future of middle class and going back t those nbers tha wusad in the quinnipiac poll, they asked people, who's -- obama and romney, who are they going to benefit, who are the policies going to benefit? you can see the 58% they have this reversed here. shou be 58% say ttit ro'solicies benefit the rich. and obama's are much more evenly split. and very few people think that romney's policies are going...
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but while this is all good news for an economy that hasn't had much of it lately, morningstar economist robert johnson says the market still has to make up a lot of lost ground. >> if you look at housing starts at the peak we were over two million starts. i'd say based on population the number should have been about a million ana half. now we're down around 750,000 in terms of housing starts so we're kind of half of what i view as normal. >> reporter: one wild card for builders is the ongoing uncertainty about the bush tax cuts. subkowiak says if those tax cuts aren't extended some potential buyers could put a hold on buying a new house. diane eastabrook, "n.b.r.," hinsdale, illinois. >> tom: we saw two discouraging reports today from the c-suite, from top corporate executives. in separate surveys, both chief executive officers and chief financial officers are losing optimism. and both have dialed back hiring expectations. this stands in contrast to a report just yesterday from the conference board indicating consumers are more hopeful about their job prospects. the "deloitte c.f.o. sig
but while this is all good news for an economy that hasn't had much of it lately, morningstar economist robert johnson says the market still has to make up a lot of lost ground. >> if you look at housing starts at the peak we were over two million starts. i'd say based on population the number should have been about a million ana half. now we're down around 750,000 in terms of housing starts so we're kind of half of what i view as normal. >> reporter: one wild card for builders is...
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>> you kn, i t a 's the economy. i think that these are the men, these are largely middle class men. we are not talking about -- i mean, the republicans are always going to win the white wealthy me e swing voters here are the middle class men and tho are the ones that have been hurt the hardest and not ideological. they're the guys that were the reagan democrats. they just a want and this economy has really, really hurt them. i think that they were looking at romney as maybe mebody, you thow, that cldringhem hink recent events and mistakes on romney's part hurt him with them, specifically the 47% comment he made in florida a few of the guys in iowa said they were leaning towards romney and shook them up, that he was a y woo whye was never going to have middle class interests. >> louis romano, thank you. >> you're welcome. thank you. >>> violence eruptedoday as tens of thoands of greeks took to the streets of athens to protest up coming austeri urth cnbc's julia chatterly is in athens with more. >> reporter: thanks, t
>> you kn, i t a 's the economy. i think that these are the men, these are largely middle class men. we are not talking about -- i mean, the republicans are always going to win the white wealthy me e swing voters here are the middle class men and tho are the ones that have been hurt the hardest and not ideological. they're the guys that were the reagan democrats. they just a want and this economy has really, really hurt them. i think that they were looking at romney as maybe mebody, you...
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i know what it takes to get this economy going again. i care about the people of america and the difference between me and president obama, is i know what to do and i will do what it takes to get this economy going. [applause] martha: on the campaign trail that was governor mitt romney in the buckeye state where he is expected to be spending a quite a bit of time over next couple of weeks. his campaign insists they're confident about victory in ohio, which of course is probably the most important swing state, despite recent polls show president obama is in the lead there and this is a quote from the romney campaign. there is just a nice, wide, open path. so i'm not, we're not in a situation where we're forced into this boxed canyon to say, we have to win this string of states. but at the end of the day ohio of course will come down to the wire they say. so, let's take a look at average polls, recent polls that come out of ohio where president obama actually leads governor romney by 5%. there are numbers that are much wider margin than th
i know what it takes to get this economy going again. i care about the people of america and the difference between me and president obama, is i know what to do and i will do what it takes to get this economy going. [applause] martha: on the campaign trail that was governor mitt romney in the buckeye state where he is expected to be spending a quite a bit of time over next couple of weeks. his campaign insists they're confident about victory in ohio, which of course is probably the most...
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. >> it is time to get the real refs and you know what, it reminds me of president obama and the economy. if you can't get it right it's time to get out. >> all right. well, other than that, if we all agree, what is the hold-up? mitch albom is "outfront" tonight. he's author of "the time keeper." number one fiction on "the new york times" best-seller list. mitch, great to see you. it's obviously been reported two sides are meeting today. what are the odds that this is going to get settled? >> not so great. they are actually still pretty far apart. you would wonder why a league that makes $9 billion in revenue is worried about maybe about $10 million apart on a package for the referees, but it's a bit of a power struggle going on and those on the inside say even with all this controversy and these terrible -- it wasn't just that one, it was a whole weekend's worth of bad plays, it still may not be settled any time immediately. >> let's go through some of the sticking points, just because i found it so ironic that you have governors who don't like unions saying bring back the union refs. t
. >> it is time to get the real refs and you know what, it reminds me of president obama and the economy. if you can't get it right it's time to get out. >> all right. well, other than that, if we all agree, what is the hold-up? mitch albom is "outfront" tonight. he's author of "the time keeper." number one fiction on "the new york times" best-seller list. mitch, great to see you. it's obviously been reported two sides are meeting today. what are the...
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economy. the firm has been taking various streamlining measures that include cutting 2,000,000 jo jo. 10% of the work force. despite actions, the company posted a loss in first time in four quarters. "the new york times" decided to appoint bbc general director as its new top executive. he is nonto have improved the web services of the bbc is is expected to bolster the newspaper company's online businesses. >>> british bankers association says it is willing to give up control over the libor bank rate. as it looks to prevent further rate rigging scandals. the association says libor is based on interest rates charged between banks in the london market. in june, major british bank, barclays was fined for manipulating libor through false reporting. a staement released tuesday indicating they would transfer libor related to a public body. by making the announcement, the association is seen as trying to ease criticism about the way the rate has been handled over a quarter century. and the british gov
economy. the firm has been taking various streamlining measures that include cutting 2,000,000 jo jo. 10% of the work force. despite actions, the company posted a loss in first time in four quarters. "the new york times" decided to appoint bbc general director as its new top executive. he is nonto have improved the web services of the bbc is is expected to bolster the newspaper company's online businesses. >>> british bankers association says it is willing to give up control...
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. >> and his take on president obama and the economy. how has he managed to avoid public retribution for not fixing the economy better than he has done? >> because this is not a normal time. >> plus his extraordinary work with the clinton global initiative. >> we don't have to produce miracles. all we have to produce is progress. we just keep pushing these rocks up the hichlt ll. >> is the world ready for a clinton back in the office? >> i can run for president of ireland because of my irish heritage. >> this is "piers morgan tonight." good evening. the most powerful man and woman in the world are gathered in new york tonight at the u.n. and across town at the clinton global initiative. president obama spoke at cgi today. we'll get to that in a moment. he had tough talk on iran's nuclear program. >> let me be clear. america wants to resolve this through diplomacy and we believe that there is still time and space to do so. but that time is not unlimited. >> with just 42 days to go until the election, mitt romney blasted iran in his speech
. >> and his take on president obama and the economy. how has he managed to avoid public retribution for not fixing the economy better than he has done? >> because this is not a normal time. >> plus his extraordinary work with the clinton global initiative. >> we don't have to produce miracles. all we have to produce is progress. we just keep pushing these rocks up the hichlt ll. >> is the world ready for a clinton back in the office? >> i can run for...
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economy facing so-called fiscal cliff. that translates to some 600 billion in tax hikes and government spending cuts. due to take effect in the next year. >> i want to grow and invest in the community. i am holding things back because of the uncertainty. >> survey of the national association of neverrers and the independent business revealed 55% say federal regulation, tax, government spending and the cost of health insurance have hurt the economy and their businesses. >> small businesses are on the sidelines. not inclined to invest now until they see what is going to happen between now and the end of the year. >> experts say it's about risk and reward. business owners won't gamble their money when they don't know what the government might impose. >> if we don't maintain the current tax rate, what this means is we'll have to pull back. because it hurts our budget. that means start hiring. >> speaker boehner noted that the house passed a bill for sequestration and would like to extend tax cut for a year to allow time to wor
economy facing so-called fiscal cliff. that translates to some 600 billion in tax hikes and government spending cuts. due to take effect in the next year. >> i want to grow and invest in the community. i am holding things back because of the uncertainty. >> survey of the national association of neverrers and the independent business revealed 55% say federal regulation, tax, government spending and the cost of health insurance have hurt the economy and their businesses. >>...
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find out what's really happening to the global economy with max cons or for a no holds barred look at the global financial headlines and tune in to kaiser report on. an early september morning in the seoul town the center for. some the best fighters the greats were on time. the local branch of the radical right is meeting for an early morning raid. the militants some members of the ultra nationalists lucky don't attack and have their own sense of humor nothing funnier it seems than to put on arabic rhodes before heading off for you so. that's what people will call show shiva id. and ten nationalists meet up with a bad you're the leader of the blog. just as if i'll tell you when to raise the order across. germany and luigi you take care of sticking up the those posters. talk of a final check before starting. a song comes out what it doesn't say anything you're going to like us to do now and stay behind mine because right when i play with you but i don't follow because you know no one likes behind him no talking. it's unlikely but if someone does open their shots as you apologize very p
find out what's really happening to the global economy with max cons or for a no holds barred look at the global financial headlines and tune in to kaiser report on. an early september morning in the seoul town the center for. some the best fighters the greats were on time. the local branch of the radical right is meeting for an early morning raid. the militants some members of the ultra nationalists lucky don't attack and have their own sense of humor nothing funnier it seems than to put on...
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markets why not come to find out what's really happening to the global economy with max cause or for a no holds barred look at the global financial headlines tune in to cause a report on. iraq. prime. coming up.
markets why not come to find out what's really happening to the global economy with max cause or for a no holds barred look at the global financial headlines tune in to cause a report on. iraq. prime. coming up.